Calabasas Area Sports Bar & Restaurant W / Liquor
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1640695
Net Profit / Cash Flow $192166
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training 2 Weeks at 20 hrs/wk
Reason for Sale Relocation
Description This Calabasas Area sports bar and restaurant is an established earner with documented financials and a Type 47 Liquor License is an ideal bar opportunity for the working owner or the semi-absentee operator who seeks an established, profitable business without the hassle of creating a gourmet food product or catering to a high maintenance customer base. The friendly and causal venue is located in a large high traffic shopping center with several anchor tenants and plenty of parking. The facility boasts a complete kitchen with 2 deep fryers, a large griddle, 2 combination stoves and ovens, a massive pizza oven, a large walk-in cooler and separate beer cooler, bar and dining areas, an extensive tap beer system, and enough televisions to satisfy any sports enthusiast!
Asking Price $499,000
This 4,000 square foot facility leases for $12,830.80 per month including common area maintenance (CAM) on a lease with almost 2 years remaining & one 5 year option to renew. The business has recently been remodeled with new flat screen televisions, furniture, carpeting and tile. All of the business's furniture, fixtures, equipment (except the point of sale system & the Airgas tank) and liquor license will be included in the sale. $15,000 in inventory will be sold at cost at close.
This venue is ideally located near several freeways and is on a major throughway with complementary neighbors, excellent street visibility, and an abundance of parking.
A new owner may seek to extend business hours to include a breakfast service or brunch on weekend, they may wish to expand the menu in any number of innovative directions, or they may wish to capitalize on the liquor license by catering to those looking for mixologist prepared cocktails so the bar crowd is as provided for as well as the as the craft beer crowd is. Depending on the conditional use permit which should be requested directly, new operators may wish to evaluate extending the serving hours beyond midnight.
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